I am posting me TERRIBLE experience with Andrew at American Private Money Group below. I posted this same response on a different thread but wanted to make sure people knew about my experience since there isn't any information about these guys anywhere else:
I tried to fund 2 loans with Andrew at American Private Money Group. Andrew and his company are incredibly UNPROFESSIONAL and I would recommend STAYING AWAY from him and his company.
He emails out potential properties to be funded and the first person to reply with a filled out order form will be funding that loan. On 2 separate occasions he let me know I was the first person to submit my order form, letting me know I would fund each loan. He didn't respond to me after that and ignored my emails. He finally replied a week later saying there was a title issue on each property and he was waiting for them to be corrected. I called hgim to speak about it verbally and when I did he became aggressive with me on the phone and denied any wrong doing. He then sent me other properties to fund (each one he sent me were terrible properties that no investor had any business funding. I took his word for it on the title issues and waited for them to be resolved. I checked each property a couple weeks later on Property Radar and saw that they were funded by other people. There obviously wasn't any other title issue and he was putting me off, which I have no idea why. This happened twice. A professional Trust Deed investment company would just let me know that they had preferred investors or be straight up with me on the funding process for whatever was going on. He did not do this.
When you are investing large sums of money, it's important to work with someone who you can trust and rely on. Andrew and his company, American Private Money Group are not reliable or trustworthy. DO NOT work with them. You won't know what you are getting yourself into.
I've never heard of them, but that doesn't mean they aren't legit and/or safe. Those numbers are pretty common for HML's that I have seen. Depending on your location, you could get better. Feel free to PM me if you'd like a list of references that I have used with success.
Never heard of em either. But the LTV from 50 to 75% is a huge swing.
Are they funding the purchase and rehab? Just the purchase? Is that really the LTV or is it the ARV?
But i"d also add that I checked out their site and there doesn't appear to be an address.... Thats sometimes a significant red flag. Be very leery if they ask for anything up front.
I am posting me TERRIBLE experience with Andrew at American Private Money Group below. I posted this same response on a different thread but wanted to make sure people knew about my experience since there isn't any information about these guys anywhere else:
I tried to fund 2 loans with Andrew at American Private Money Group. Andrew and his company are incredibly UNPROFESSIONAL and I would recommend STAYING AWAY from him and his company.
He emails out potential properties to be funded and the first person to reply with a filled out order form will be funding that loan. On 2 separate occasions he let me know I was the first person to submit my order form, letting me know I would fund each loan. He didn't respond to me after that and ignored my emails. He finally replied a week later saying there was a title issue on each property and he was waiting for them to be corrected. I called hgim to speak about it verbally and when I did he became aggressive with me on the phone and denied any wrong doing. He then sent me other properties to fund (each one he sent me were terrible properties that no investor had any business funding. I took his word for it on the title issues and waited for them to be resolved. I checked each property a couple weeks later on Property Radar and saw that they were funded by other people. There obviously wasn't any other title issue and he was putting me off, which I have no idea why. This happened twice. A professional Trust Deed investment company would just let me know that they had preferred investors or be straight up with me on the funding process for whatever was going on. He did not do this.
When you are investing large sums of money, it's important to work with someone who you can trust and rely on. Andrew and his company, American Private Money Group are not reliable or trustworthy. DO NOT work with them. You won't know what you are getting yourself into.